Lombard Brings $1.5 Billion in Liquid Collateralized Bitcoin to the Leading DeFi Ecosystem; Integrates Multiple Solana Protocols Including Jupiter, Drift, Meteora, Kamino, and More
August 28, 2025 - Lombard Finance, the protocol behind Bitcoin's leading interest-bearing token, LBTC, today announced the listing of LBTC on Solana alongside its partners. This integration brings the first large-scale interest-bearing Bitcoin asset to Solana, bringing $1.5 billion in circulating LBTC and a built-in Bitcoin-denominated yield of approximately 1% to the cryptocurrency's most vibrant ecosystem.
The product launch includes day-one integrations with leading Solana protocols, including Jupiter, Drift, Kamino, Meteora, and JupLend, with seamless cross-chain bridging enabled by LayerZero and reliable price oracle services provided by RedStone. Lombard partnered with Meteora to offer near-zero fees (1 basis point) for swaps from cbBTC to LBTC.
This integration addresses a critical gap in Solana’s $10 billion DeFi ecosystem, which was previously limited to non-yielding BTC derivatives. The arrival of LBTC transforms Bitcoin from a passive asset into productive capital within Solana’s high-performance environment, enabling BTC holders to earn yield while enjoying advanced DeFi strategies including perpetual swaps, stablecoin lending, and liquidity provision.
With the Solana integration, users can mint LBTC directly on Solana by staking native BTC through Lombard, convert any token into LBTC, or cross-chain LBTC from the Ethereum mainnet through LayerZero integration.
"Bitcoin is the most important asset of our generation, and bringing it to Solana opens up vast new opportunities," said Jacob Phillips, co-founder of Lombard Finance. "LBTC demonstrates what's possible when Bitcoin achieves yield, composability, and true market access. Solana's unparalleled performance creates the ideal environment for Bitcoin to become productive capital, unlocking new DeFi strategies for BTC holders."
Since its launch in August 2024, LBTC has become the fastest-growing interest-bearing token in the cryptocurrency space, reaching $1 billion in TVL in just 92 days and establishing integrations with over a dozen ecosystems. The Solana integration represents LBTC's expansion into one of the most technologically advanced and liquid DeFi environments in the industry, where users can enjoy near-instant confirmations and near-zero transaction fees.
LBTC on Solana offers several key advantages for DeFi participants. A built-in 1% BTC yield effectively reduces borrowing costs when using LBTC as collateral for stablecoin lending through platforms like Kamino and JupLend. Traders can access LBTC perpetual markets through Drift and deploy liquidity strategies through AMMs like Meteora. This integration maintains LBTC's core features: 1:1 BTC backing from 14 digital asset institutions, automatic yield accrual, and real-time proof of reserves.
Jiani Chen, Head of Growth at the Solana Foundation, said, “We are thrilled to welcome Lombard to Solana. Lombard’s LBTC is the first interest-bearing Bitcoin to join the ecosystem and has the scale and liquidity needed to position Solana as a high-performance liquidity hub for BTC. LBTC’s native yield and deep DeFi integration opens a new chapter for Solana DeFi.”
The product launch includes a comprehensive incentive program supported by LayerZero and Lombard, as well as participating ecosystem protocols, designed to accelerate adoption of the Solana DeFi space and create more value for users who migrate their Bitcoin assets to the ecosystem.
With this integration, Lombard continues to drive Bitcoin's evolution from a passive asset to an active DeFi primitive. LBTC's expansion to Solana reinforces Lombard's broader mission to build comprehensive Bitcoin capital markets infrastructure. The protocol offers institutional-grade custody and security backed by a secure alliance of 14 leading digital asset institutions, and its multi-chain approach ensures Bitcoin liquidity flows to where innovation and opportunity lie.
LBTC is now immediately available within the Solana ecosystem via lombard.finance/app, with comprehensive documentation and integration support available for other protocols.
About Lombard Finance
Lombard Finance is dedicated to building on-chain Bitcoin capital markets and unlocking the full potential of the most important asset of our generation. Founded in 2024, Lombard pioneered the integration of Bitcoin and DeFi, launching LBTC, a leading interest-bearing Bitcoin asset backed by a coalition of 14 digital asset institutions. LBTC reached $1 billion in TVL in just 92 days, becoming the first Bitcoin LST to be trusted by blue-chip protocols such as Aave, Spark, and EigenLayer. Today, Lombard is building full-stack infrastructure to accelerate on-chain Bitcoin adoption among holders, protocols, and platforms, earning support from leading digital asset developers including top DeFi protocols, institutions, and exchanges.
